Reporting requirements for platform operators
Are you required to report the revenue generated on your digital platform as a reportable platform operator? In the Quick Check DAC7 Impact, we have compiled a list of the relevant questions that will allow you to make a preliminary assessment of your status quo.
The Business Analytics DAC7 Impact & Readiness goes a step beyond the preliminary impact assessment, providing you with an assessment of your organization's readiness level so that you can address the applicable reporting requirements efficiently. For instance, to what extent do you have (automated) processes to collect and report the relevant data in place?
To find out if you are subject to a reporting requirement for tax purposes, assess the following key parameters – free of charge and without obligation:
- Do you operate a reportable digital platform?
- Are reportable sellers on the platform?
- Are reportable activities performed on the Platform?
- Are Group-internal transactions or indirect purchases of goods/services such as chain transactions reportable?
Quick Check DAC7 Impact
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DAC7/Platform Tax Transparency Act (PStTG) – What is it about?
In accordance with Council Directive (EU) 2021/514 of March 22, 2021, going forward, digital platform operators must disclose to the EU tax authorities information on their registered users' transactions. The basic definition of platform operator is very broadly formulated in the Directive. It concerns almost every digital interface or application that connects sellers of relevant activities with potential buyers, be it B2B, B2C or C2C.
Even companies that on first glance are not platform operators may meet the DAC7 criteria due to their business processes and IT landscape, meaning that they can fall under the reporting requirement without knowing it. The new due diligence and reporting requirements are to be transposed into national law by the end of 2022 and will then apply for digital platform operators both in the EU and in third countries as well as for sellers on these platforms.
DAC7/Platform Tax Transparency Act (PStTG) – The challenges
Relevant activities include real estate or vehicle leasing, personal services and the sale of goods. First-time reporting is obligatory as of January 31, 2024.
Platform operators now face the following challenges:
- Impact analysis: Does your platform fall under the requirements pursuant to DAC7/Platform Tax Transparency Act (PStTG)?
- Data collection: How does the operator gather the data?
- Data protection: To what extent do the GTC have to be adjusted?
We have developed a Business Analytics that informs you in about 20 to 30 minutes – by answering clearly defined questions posed by our experts – to what extent your business model or organization is affected by the DAC7 Directive/Platform Tax Transparency Act (PStTG).
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Find out EU Member States' DAC7 implementation status
KPMG’s EU Tax Centre summarizes the latest information on how the new requirements have been transposed into the Member States' national legislation at the time it is published.
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